- BullFrog AI Holdings, Inc. BFRG announced the expansion of its worldwide license agreement with the Johns Hopkins Applied Physics Laboratory (APL) in Laurel, Maryland.
- The license expansion is for using the patented technology powering the company's AI-driven bfLEAP platform, which analyzes drug development data to make life-saving therapies and treatments.
- bfLEAP is used for several critical stages of therapeutics development to streamline data analytics, decreasing the overall development costs.
- The patented technology from APL powering bfLEAP includes analytical models that interpret large, complex, and diverse datasets to provide explainable results.
- The latest license improvements will also enable bfLEAP to be much more robust, both from a software perspective and mathematically.
- "Our expanded license with APL is a testament to our relentless pursuit of innovation, enabling us to harness the full potential of AI in accelerating the development of life-saving therapies," said Vin Singh, Founder and CEO of BullFrog AI.
- "This breakthrough technology not only has the potential to disrupt the industry, but also transform countless lives across the globe," Singh added.
- Price Action: BFRG shares are trading higher by 2.97% to $4.85 on the last check Monday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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